Q6

Common size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 2017 2016 2015 100.0% 100.0% 100.0% 63.6 61.4 57.4 14.2 13.7 14.0 Sales Cost of goods sold Operating expenses Trend Percents 2017 2016 2015 103.9% 102.7% 100.0% 115.1 109.9 100. 105.4 100.5 100.0 0.32 points eBook Determine the net income for the following years. (Enter all amounts as positive values.) Hint Print 2017 2016 References Sales Cost of Goods Sold Operating Expenses Not Income 2015 100,000 57.400 14,000 28,600 Did the net income increase, decrease, or remain unchanged in this three-year period? O Net income decreased O Net income increased O Remained unchanged